Unclaimed wages. Beginning Oct. 1, 2011, the length of time outstanding paychecks must remain unclaimed before they’re considered abandoned property is reduced to one year, from two years. Employers holding less than $50 in unclaimed paychecks may report the aggregate amount. (Ch. 230, L. 2011)
Work authorization. Beginning Oct. 1, 2012, private employers that employ at least 500 employees will be required to use E-Verify to check the work status of all new hires. This requirement will apply to employers that employ at least 100 employees on Jan. 1, 2013, and to employers that employ at least 25 employees on July 1, 2013. Employers must keep records of employees’ work status for the duration of employment and for one year after employees terminate. Employers will not be required to check the work status of seasonal employees who will be employed for 90 or fewer days during a 12-month period. (Ch. 236, L. 2011)
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